Here in Hong Kong, investors can "feng shui" their finances.
The Year of the Tiger starts February 14th. But the Feng Shui Index, produced by Asian investment bank CLSA, marks the start of the year today — February 4 — as it's the first day of spring according to the solar calendar.
Solar/lunar issues aside, it's gonna be a bumpy year.
Tiger years are usually marked by dramatic changes. According to the guide, "Markets (in Hong Kong) will be volatile with a surge in the first month followed by a decline that turns upwards in June, dips and then swings up again in September."
The Feng Shui Index identifies the year's big winners by analyzing the elemental sign that they're aligned with. For example, companies associated with metal elements will have a great run, and the index predicts that gold will break $2000 an ounce this year.
But water-related industries — like shipping, logistics and transport — could see their positions weaken.
The popular index made its debut in 1992. Despite its tongue-in-cheek tone, some of their past forecasts have been on the money — like gold breaking $1,000 an ounce and the resurgence of the China property markets during the last year, the Year of the Ox.
In terms of the Zodiac, a great year is in store for those born in the year of the Dragon, Sheep and especially the Horse. A relatively good year is ahead for Rats, Cows, Rabbits, Roosters, Dogs and Pigs. But for the Tigers, Snakes and Monkeys out there — it will be a rough one.
I'm a Tiger.
Thankfully, there are Feng Shui measures to bring a bit of good luck in a bad year like the wearing of red underwear (I'm not making this up).
That to be continued… in another post.
